By Mars Woo
The firm focuses on opportunistic to core/core-plus real estate investment opportunities in Greater China and Southeast Asia across the residential, mixed-use, and commercial asset classes.
The fresh offer outpaces an earlier takeover proposal private equity giant Blackstone made for the property manager.
Samsung Life is seeking about $548 million for the 30 Gresham Street building.
GIC partnered with Morgan Stanley Real Estate Investing to acquire Chifley Tower in 2005 for about A$710 million ($512 million).
Korean investors have been pouring into London real estate this year, lured by higher returns and lower currency hedging costs.
The transaction was carried out by Sunrise Capital III, CLSA Capital Partners’ fund that invests in established, mid-cap companies with strong growth potential in Japan.
Anuj Puri, Yash Gupta along with CapitalM plan to launch a $100 million early-stage fund to invest in the proptech segment
The new fund has already made its first investment in Forest Logistics, a logistics operating platform in China for about $300 million.
The proposed 1 million sq ft mall in Mumbai’s Andheri East will be developed by Omkar Realtors and Developers Ltd
The promoters were also looking to sell a part of their stake, taking the total IPO size to around Rs5,000 crore.